Procter & Gamble Is Laying Off 7,000 Jobs. Here's What We Know. The layoffs affect non-manufacturing jobs and will take place over the next two years.

By Erin Davis

Procter & Gamble (P&G) is cutting 7,000 jobs, laying off about 15% of its non-manufacturing workforce, the company said in a presentation Thursday at the Deutsche Bank Global Consumer Conference in Paris.

The cuts will take place over the next two years. P&G, which makes household products (Tide, Pampers, Bounty), had about 108,000 employees as of June 2024, per the Wall Street Journal.

Related: Microsoft Is Laying Off More Workers as AI Continues to Trim Workforces

P&G told the Wall Street Journal in a statement that the cuts aren't for "cost-cutting purposes," but rather a reorganization.

Business Insider reports that the presentation was given by CFO Andre Schulten and COO Shailesh Jejurikar, and it noted that technology was changing the company.

"We can unlock significant growth by better meeting the needs of currently unserved and underserved consumers, expanding into new segments, and growing markets to best-in-class levels," the presentation read.

P&G was founded more than 180 years ago as a soap and candle company. It's been headquartered in Cincinnati, Ohio, since 1837.

Related: Nissan Is Doubling Its Initial Layoff Announcement, Cutting 20,000 Jobs: 'A Wake-Up Call'

Erin Davis

Entrepreneur Staff

Trending News Writer

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Google, Spotify Down in a Massive Outage Affecting Tens of Thousands. Here's What We Know.

Both Google and Spotify appear to be down for thousands of users.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Mattel Signs First-of-Its-Kind Deal With OpenAI to Bring ChatGPT to 'Iconic' Toys

Mattel is also allowing its employees to use ChatGPT Enterprise to help design new products.

Business News

I Called Klarna's New AI Hotline to Talk to the Company's 'CEO' — Here's What Happened

Klarna's CEO voice-cloned himself and had the clone take customer calls over an AI-powered hotline.

Side Hustle

After a 12-Year-Old's Side Hustle Made Over $4,000 in 1 Day, He and His Dad Grew the Business to Nearly $50,000 a Month: 'It Takes Commitment'

Madden Forrest and his father, Steven, turned their passion for football into a lucrative business.

Business News

This 'Sweet' Role Is the Highest Paid Position at Walmart After Managers

If you're creative and have a sweet tooth, the coveted (and lucrative) cake decorator position at Walmart may be for you.